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Minister of Industry and Technology, Mustafa Varank, participated in the signing ceremony of investment in the polypropylene plant of the Ceyhan Petrochemical Industrial Area.
Minister Varank, Ceyhan Petrochemical Industrial Zone, completion of master plan studies, said:
– We will be able to produce 80% of the varieties of chemicals imported by our petrochemical industry area of Ceyhan, which will employ about 10,000 people in our country.
– An annual value of $ 1 billion can be generated by allocating to investors all parcels in the region
– integrated plant for the start of construction in 2019; $ 1.2 billion will be the cost of investment
6% of the national income of this sector last year, 38 billion dollars of import were transferred to Varank, said:
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In the petrochemical industry alone, we had a trade deficit of $ 13 billion last year. This amount corresponds to 30% of the foreign trade deficit of the manufacturing industry. In the petrochemical sector, we provide the most deficit based on polypropylene and polyethylene products. We are highly dependent on foreign materials in plastics, fibers and rubber. In fact, all these data underscore the importance of investing in petrochemicals in order to achieve production-based growth and to permanently reduce the current account deficit.
Varank said that; "From this point of view, we attach great importance to investments in petrochemicals in which high technology is used, taking into account global trends," he said, stressing the importance of the security of Supply, high value-added production and skilled employment. he said.
"An annual value of $ 1 billion can be generated"
The Minister of Industry and Technology, Varank, said that negotiations with domestic and foreign investors for the creation of petrochemical facilities in the specialized industrial area of Ceyhan Energy continued at a pace supported. development and also a major reform in terms of reducing foreign dependence. "Expressions used.
Emphasizing that a strong and productive industry is one of the most fundamental factors of sustainable growth and balanced prosperity, Mr. Varank said that they encouraged the creation of clusters and the creation of integrated industrial zones to increase industrial competitiveness.
Varank said it completed the master plan work in the Ceyhan Petrochemical Industrial Zone, which is the largest of them, and continued as follows:
"A thousand 341 hectares to be established in the Ceyhan Petrochemical Industrial Zone, pipelines, power plants and ovaries is a strategic location as it is adjacent to the Free Zone Again this area. Port of Mersin, Adana Airport and railway lines to close and around other investments through Turkey 's. We will be able to produce 80% of the chemicals we import with the full functioning of the Ceyhan Petrochemical Industrial Area, where about 10,000 of our citizens will be employed. ".
An investment of this magnitude is likely to create a significant multiplier effect due to the size of capital expenditures in the engineering, procurement and construction phases, Varank said. We expect an increase of 2 to 4 per year from our annual growth rate. This project will also help to accelerate the socio-economic development of the region. in the form of.
"Propane gas for 15 years"
Mustafa Varank, thanks to investment in infrastructure, especially transportation and safeguarding to ensure access to the economic opportunities of local potential, 'Therefore, healthy growth and we are sustainable development is a great pleasure to have a very important building block of life. Turkey will grow by producing added value and macroeconomic fundamentals are a lot more will build on a solid momentum. he said.
An agreement will be signed between Varank, Rönesans Holding and Sonatrach for the investment partnership of the polypropylene production plant with a capacity of 450,000 tonnes, which will enable the Algerian national company to Sonatrach oil and gas company to purchase propane gas for 15 years.
The investment will account for 25 percent of annual imports of 2.1 million tons of polypropylene and there will remain $ 2.2 billion worth of imports into the country, Varank said:
"The construction process for this integrated facility, which will provide direct and indirect employment for 2,000 citizens and a $ 1.2 billion investment cost, will begin in 2019 and is expected to begin production in 2023. This step important is to ensure confidence in the economy as well as pose a serious example in terms of showing the possibilities.the two inhabitants have a very nice message, today foreign investors.I am sure we will We are gathering for another ceremony in the coming days.We are aware of the task and our responsibility.Turkey Turkey and Leading Manufacturing Technology We continue to work with our strength to make it a base. "
Varank pointed out that they had developed a stable, predictable and easily managed ecosystem for investors. Our main priority is to transform the transformation of production into common sense and we expect the real sector to build competitive strategies in the process of transformation on the basis of added value. in the form of.
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